§ 8–404
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 8-404 (2026)
Title 8. Home Improvement
Subtitle 4. Home Improvement Guaranty Fund
§ 8–404LinkCopy Citation
(a)
Before the Commission issues a contractor license, the contractor shall pay a fee of $100 to be credited to the Fund.
(b)
(1)
If the Commission finds that, because of pending claims, the amount of the Fund may fall below $1,000,000, the Commission shall assess each contractor a fee of $50.
(2)
However, under this subsection the Commission may not assess a contractor more than $150 in a calendar year.
(c)
If a contractor fails to pay an assessment within 60 days after notice of the assessment, the contractor license is suspended until the assessment is paid.